Joint Savings

Save together in a Monzo joint account with 3.75% APY.* You both need a Monzo account to get started.

Open a Monzo account

Monzo is a financial technology company; not a bank. Banking services are provided by Lead Bank, Member FDIC. T&Cs apply.

Earn 3.75% APY*

Your joint savings will earn interest, paid monthly. Get rewarded as you grow your savings together.

Couple goals

Vacation, down deposit, or an emergency fund. Whatever your joint goal is, you can make a Jar for it. Name them, and add images to help you visualise what they’re for.

Start small with no catch

No fees, no minimum deposit, and you can withdraw your money instantly whenever you need it.

Protection you expect

With Monzo, your money is eligible for FDIC pass through insurance up to $250K through our partner Lead Bank, Member FDIC.**

** How does FDIC insurance work? Your funds are held at Lead Bank, Member FDIC. Monzo is a financial technology company, not a bank or FDIC-insured depository institution. Monzo accounts are subject to pass-through FDIC insurance up to $250,000 per ownership category, should Lead Bank fail. Certain conditions must be satisfied for pass-through FDIC deposit insurance coverage to apply, which you can learn more about here.

Join over 10 million people on Monzo

Download the Monzo app on iOS or Android and join more than 10 million people who've changed the way they bank.

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Monzo is a financial technology company; not a bank. All banking services are provided by Lead Bank, Member FDIC. The Monzo Personal and Joint Debit Card is issued by Lead Bank, Member FDIC, pursuant to licensing by Mastercard International Inc. See Lead Bank Terms and Lead Bank Cardholder Agreement for more details.

As of June 18, 2025, the Annual Percentage Yield (APY) accrued from Monzo’s Savings Jar is 3.75% with a Monzo Preferred subscription and 2.00% APY for Monzo Everyday users. Interest rates are variable and may change. Fees may reduce earnings. The interest comes from us, not Lead Bank. Your total Savings Jar balance is capped at $100,000. See Lead Bank Interest-Bearing Account Agreement for more details.

Funds held in the Monzo deposit accounts are held with Lead Bank, Member FDIC, and are eligible for up to $250,000 in pass-through insurance in the event Lead Bank fails and if specific deposit insurance requirements are met and your card is registered. FDIC insurance does not protect funds in the event of Monzo’s failure or from the risk of theft or fraud. See FDIC Prepaid Cards and Deposit Insurance Coverage.

Monzo Preferred is an optional monthly paid, subscription membership program. Subscribers will be charged every month. Once enrolled, subscribers have access to Monzo’s highest APY, cashback rewards, exclusive upgraded benefits and access outside of Monzo’s basic offerings. Please see Lead Bank Terms for more details.

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